EQS-Ad-hoc: Zalando SE / Key word(s): Change in Forecast Zalando SE: Revised topline and confirmed adjusted EBIT Outlook for the full year 2023 BERLIN, November 1, 2023 // Zalando SE, a leading European e-Commerce destination for fashion and lifestyle, is confirming its adjusted EBIT guidance while revising its topline guidance for the financial year 2023 in light of expected continued pressure on demand throughout the rest of the year. Management now expects GMV to develop between -2% and 1% to EUR 14.5-14.9 billion for the financial year 2023. Revenue is expected to develop between -3% and -0.5% to EUR 10.0-10.3 billion. It is important to note that the adjusted EBIT guidance remains unchanged at EUR 300-350 million. Capital Expenditure is expected to be in the range of EUR 260-300 million. Previously on 3 August 2023 the company’s guidance for FY 2023 pointed towards the lower half of 1-7% for GMV growth, the lower half of (1)%-4% for revenue growth, an adjusted EBIT of EUR 300-350 million and the low end of EUR 300-380 million for CAPEX. For the third quarter 2023, Gross Merchandise Volume (GMV) declined 2.4% to EUR 3.2 billion, revenue declined 3.2% to EUR 2.3 billion, adjusted EBIT increased to EUR 23.2 million.
Person making the notification: Ramona Bobbert, Director Corporate and Real Estate Law INVESTOR/ANALYST INQUIRIES MEDIA INQUIRIES End of Inside Information
01-Nov-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Zalando SE |
Valeska-Gert-Straße 5 | |
10243 Berlin | |
Germany | |
E-mail: | investor.relations@zalando.de |
Internet: | https://corporate.zalando.de |
ISIN: | DE000ZAL1111 |
WKN: | ZAL111 |
Indices: | DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1762949 |
End of Announcement | EQS News Service |
|
1762949 01-Nov-2023 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.